Mining has been one of Australia’s most profitable industries in 2022-23. Iron ore and coal mining, oil and gas extraction collectively account for $170 billion in total profits, notching three of the top 10 positions in the national list. But managing the risks involving people is one of the key concerns for businesses in this sector. Safe Work […]
Professional liability insurance – also known as professional indemnity cover – may not be compulsory for your sector. But it could be an investment in risk management worth considering. This cover offers protection against legal costs for businesses that give advice or services for a fee. Typically, accountants, architects, IT specialists, marketing consultants, lawyers, bankers, […]
Australian farmers are on tenterhooks with a 50% chance of an El Niño dry weather pattern arriving later this year. According to April’s update from the Bureau of Meteorology, that’s double the normal likelihood. El Niño alert Some climate models forecast the pattern could develop into a ‘super El Niño’. That would mean very high temperatures around the […]
Is your small business among the one in four that say they’ll go under if faced with a liability claim? That’s the alarming statistic from one insurer’s survey. More respondents said they would: At the crux is understanding the cost of and whether you would be able to fund the costs of legal action due to […]
Trucking safety has improved over the past decade, but there’s still a need to protect truck drivers at work better. Heavy vehicles have been involved in fewer crash fatalities since 2003. That’s despite more freight movements (55%) and road freight volumes (51%) in that time, according to a national insurance body. However, the fatality rate for truck […]
Supply chain disruptions – shipping issues and computer chip shortages – mean there can be up to year-long delays in accessing new vehicles. It’s, therefore, important to keep your existing fleet well-maintained in the interim. In the long term, these practices will save your business money and unscheduled vehicle downtime. Research shows an optimised maintenance program (i.e. predictive and […]
Last year’s wetter and warmer weather than average could be a sign of things to come. And that trend is not just because Australian agriculture has endured three La Niña weather patterns in a row. Uncertainty and extremes are the themes for our country’s future climate and globally. Last month, the Intergovernmental Panel on Climate […]
Making an insurance claim, whether for stolen or damaged personal property, can be stressful. This article steps you through the process, so you’ll know how to claim. Understanding your policy You may have contents insurance for possessions you keep in your home and yard if you have one. This policy usually covers you for theft of goods […]
The past three years have been a whirlwind for hospitality businesses. While the pandemic seems to be on the wane, your business should still do everything reasonably practicable to reduce the risks of COVID-19’s spread, like keeping up to date on employers’ responsibilities via this Safe Work Australia website. Other, more inherent risks remain, though. A global […]
As of September last year, there were 251,000 short-term rentals registered across Australia, down from 400,000 pre-pandemic. However, not all short-term stays are registered. If you rent out your main residence, this article is for you. We’re sharing a swag of tips to help you manage your risks. Understanding property insurance To help protect your home from […]
